Ovata Capital Management Ltd Invests $1.56 Million in DigitalBridge Group, Inc. $DBRG

Ovata Capital Management Ltd acquired a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 101,560 shares of the company’s stock, valued at approximately $1,558,000.

Several other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in DigitalBridge Group in the fourth quarter valued at $139,000. Beaird Harris Wealth Management LLC acquired a new stake in DigitalBridge Group during the 4th quarter worth about $31,000. Virtu Financial LLC acquired a new stake in DigitalBridge Group during the 4th quarter worth about $324,000. Corient Private Wealth LLC raised its position in shares of DigitalBridge Group by 29.8% in the 4th quarter. Corient Private Wealth LLC now owns 17,517 shares of the company’s stock worth $268,000 after acquiring an additional 4,018 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of DigitalBridge Group by 281.8% in the 4th quarter. XTX Topco Ltd now owns 68,346 shares of the company’s stock worth $1,048,000 after acquiring an additional 50,443 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Down 0.1%

Shares of NYSE DBRG opened at $15.76 on Friday. The firm has a market cap of $2.87 billion, a PE ratio of 32.15 and a beta of 1.48. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.77. The company’s fifty day simple moving average is $15.65 and its 200 day simple moving average is $15.16.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently 8.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. Truist Financial started coverage on DigitalBridge Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DigitalBridge Group has an average rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.